Moody’s upgrades Hungary’s outlook to positive

A conservative economist sees Moody’s decision to upgrade Hungary’s growth outlook as an acknowledgement of the correct economic path followed by the government.

In Magyar Hírlap, Sándor Faggyas finds Moody’s decision to upgrade Hungary’s growth outlook to positive an important acknowledgement of the successes of the government’s economic policy. The pro-government analyst points out that Moody’s considers Hungary more resilient than most economies in the EU. Faggyas notes that the credit rating company has not improved the rating or the outlook of any other EU member states in the past six months. Faggyas concedes that Hungary’s deficit and debt have increased as a result of the coronavirus pandemic, but he agrees with Moody’s that Hungary will recover swiftly once the epidemic is over.

Tags: coronavirus, credit-rating, economy, GDP